CoinShares announced that it has sold FTX debt with a recovery rate of 116%

CoinShares has announced that it has successfully sold its FTX bond, resulting in a recovery rate of 116% after deducting brokerage fees, bringing a return of £31.32 million to the £26.6 million bond amount. The agreement was signed today and is subject to customary closing conditions. The company stated that this will significantly enhance CoinShares' financial position, create opportunities for the company, and provide higher returns for its shareholders. The group will be able to reinvest in growth opportunities.